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Guidance Clarifying Premium Tax Credit Unaffected by Suspension of Personal Exemption Deduction

tax-irs · IRS · Rule · Published 2020-12-01 · Effective 2020-12-01 · 85 FR 76976

Document

Document number
2020-26200
Federal Register citation
85 FR 76976
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
tax-irs
Sub-agency
IRS
Publication date
2020-12-01
Effective date
2020-12-01
Treasury docket
TD 9912

Abstract

This document includes final regulations under sections 36B and 6011 of the Internal Revenue Code (Code) that clarify that the reduction of the personal exemption deduction to zero for taxable years beginning after December 31, 2017, and before January 1, 2026, does not affect an individual taxpayer's ability to claim the premium tax credit. These final regulations affect individuals who claim the premium tax credit.

Source

Authoritative
Federal Register document
Machine
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